Short Interest Worth Mentioning: How Analysts Feel About Synovus Financial Corporation (NYSE:SNV) After Increase in Sellers?

November 16, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Worth Mentioning: How Analysts Feel About Synovus Financial Corporation (NYSE:SNV) After Increase in Sellers?

The stock of Synovus Financial Corporation (NYSE:SNV) registered an increase of 6.94% in short interest. SNV’s total short interest was 3.16M shares in November as published by FINRA. Its up 6.94% from 2.96M shares, reported previously. With 1.13M shares average volume, it will take short sellers 3 days to cover their SNV’s short positions. The short interest to Synovus Financial Corporation’s float is 2.61%. About 195,048 shares traded hands. Synovus Financial Corp. (NYSE:SNV) has risen 27.57% since April 14, 2016 and is uptrending. It has outperformed by 22.88% the S&P500.

Synovus Financial Corp. is a financial services and a bank holding company. The company has a market cap of $4.71 billion. The Firm provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its clients through over 30 locally branded banking divisions of its subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. It has a 21.43 P/E ratio. Synovus Bank offers commercial banking services and retail banking services.

Synovus Financial Corp. (NYSE:SNV) Ratings Coverage

Out of 12 analysts covering Synovus Financial Corp. (NYSE:SNV), 5 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 42% are positive. Synovus Financial Corp. has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, June 29 the stock rating was downgraded by Bank of America to “Neutral”. The firm earned “Market Perform” rating on Wednesday, April 20 by Raymond James. The stock of Synovus Financial Corp. (NYSE:SNV) has “Underweight” rating given on Friday, October 9 by Barclays Capital. The stock has “Market Perform” rating given by Wells Fargo on Monday, December 21. The rating was downgraded by Wells Fargo on Tuesday, August 23 to “Underperform”. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Buy” rating by SunTrust on Tuesday, September 1. The stock of Synovus Financial Corp. (NYSE:SNV) earned “Underperform” rating by Morgan Stanley on Thursday, February 11. The firm earned “Outperform” rating on Friday, August 19 by Hovde Group.

SNV Company Profile

Synovus Financial Corp. (Synovus), incorporated on June 9, 1972, is a financial services and a bank holding company. The Firm provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its clients through over 30 locally branded banking divisions of its subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus Bank offers commercial banking services and retail banking services. The Company’s commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans. The Company’s retail banking services include accepting customary types of demand and savings deposits accounts; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet banking services, and bank credit card services, including MasterCard and Visa services. In addition to its banking operations, it also provides various other financial services to its clients through its direct and indirect non-bank subsidiaries, including Synovus Securities, Inc., Synovus Trust Company, N.A. and Synovus Mortgage Corp. Synovus Securities, Inc. specializes in professional portfolio management for fixed-income securities, investment banking, the execution of securities transactions as a broker/dealer, asset management and financial planning services, and the provision of individual investment advice on equity and other securities. Synovus Trust Company, N.A., provides trust services. Synovus Mortgage Corp. offers mortgage services.

Another recent and important Synovus Financial Corp. (NYSE:SNV) news was published by Reuters.com which published an article titled: “BRIEF-Synovus Financial Corp Q3 earnings per share $0.51” on October 18, 2016.

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By Marguerite Chambers


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